Thanks for your answer. However, the confusion is coming from following facts -
1. My wife and kids will be here in the UK until Dec 2014. Although she is in full time work and is paying taxes, could that impact my tax situation? I also have a house in the UK which I intend to rent and not keep for my own use.
2. I have read the split year tax rules on HMRC. But there is a mention of 91 days and 183 days max stay in the tax year. Does it apply to my situation, especially because my family will more few months later.
3. The HMRC rules say the following -
If during a year you either start to live or work abroad or come from abroad to live or work in the UK the tax year will be split into two parts if your circumstances meet specific criteria: -a UK part for which you are charged to UK tax as a UK resident; - an overseas part for which, for most purposes, you are charged to UK tax as a non-UK resident.
So what does it mean by UK tax as non-UK resident?
Many thanks Kieth. I will certainly leave a positive rating for your help after clarifying the point i mentioned in last email -
So As i picked up the 91 days limit for stay in UK in any given tax year (average of 4 years), but in current tax year, as i will leave only on Sept 1st 2014, I would have spent more than 91 days nearly 150 days. If I understood your advice correctly - that is why split year taxation comes into the picture and it does not matter in this year that if I am spending more than 91 days, as long as my 4 years average is not more than 91 days per year.
All i want to ensure is that having spent more than 91 days in this current tax year in UK, will not cause me to pay tax on Non-UK income, as long as I fulfill the 91 days limit in future years.
Many thanks for your superbly fast responses and helpful advice so far.